Ann: Ceasing to be a substantial holder, page-53

Do you honestly think out of 200 applications for this grant, that the company doesn't have viable business model? Only 21 of 200 companies were selected, Novonix one of them, US Government is confident on what has been put on the table.

On top of that, P66 choose Novonix technology over other to scale in NA. Plenty of DD has been done by large players. Companies like Samsung SDI and Panasonic don't test your anode if they don't think you can't scale. This then leads to the quality of the board, we literally have some of the EX CEOs of the biggest companies in the world wanting in on Novonix. This isn't some backyard science experiment. This is a multi billion dollar company at the brink of full scale deployment of commercial anode materials.

Or, companies could keep using crappy Chinese SG with horrible emission standards with open pits and dirty coal power sources. Or, use cutting edge closed system, responsibly sourced green power options for a superior product local to US cell manufacturers at the same or lower costs. It's pretty simple supply vs demand. Not rocket science here.